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Earnings per Share
 9 Months Ended
Sep. 30, 2021
Earnings per Share  
Earnings per Share

11.

Earnings per Share

Earnings per share is computed by dividing net income (loss) by the weighted-average common shares outstanding. Basic earnings per common share is computed by dividing net income available to common shareholders by the weighted-

average number of common shares outstanding during the period. Diluted earnings per common share considers potentially dilutive securities outstanding during the period.

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Basic and diluted earnings per share is computed by dividing net income by the weighted-average common shares outstanding:

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THREE MONTHS ENDED SEPTEMBER 30, 

    

NINE MONTHS ENDED SEPTEMBER 30, 

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2021

    

2020

    

2021

    

2020

Numerator:

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Net income (loss) available to common shareholders

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$

(1,762)

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$

1,227

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$

(3,567)

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$

5,050

Denominator:

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Basic weighted average common shares outstanding

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149,016,609

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132,407,786

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147,894,227

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132,407,786

Effects of dilutive securities

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—

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—

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—

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—

Diluted weighted average common shares outstanding

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149,016,609

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132,407,786

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147,894,227

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132,407,786

Earnings (loss) per share:

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Basic

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$

(0.01)

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$

0.01

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$

(0.02)

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$

0.04

Diluted

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$

(0.01)

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$

0.01

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$

(0.02)

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$

0.04

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